Antonio Bodley
Is $1400.00 a month enough money to........?
Live on? If I only bring home $700 every two weeks to pay monthly debts that are more than what I earn monthly, can I afford to get my own place to stay? I have loads of debt and I know my current debts and the debts ...
Anna Shaver
Financial Plan to $100K yr income
This is uncharted territory for me. Am I on the right track?Goal: Generate $100k a year net income from rental real estate.Background: Currently own a few SFH’s and a condo from early 90’sI have long term W2 income,...
Christopher Smith
The Reasons Why It Happens
It’s Quite often ive seen and spoke with countless Accredited and Sophisticated investors. And they all seem to be the same. “You have to have skin in the game.” “You have to have money.” “ Why would i waste my time o...
Account Closed
Beginning your investing in a lower income city and moving?
Prices in my city (Colorado Springs, CO) are extremely high. Here is what the average rent looks like according to apartmentguide.com:1 bedroom: $12332 bedrooms: $14413 bedrooms: $1847That being said I can't find even...
Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Matt B.
San Diego / Sunnyvale CA, Aspiring Real Estate Investor (out of state)
Hi everyone,My name is Matthew and I am currently living in San Jose, Ca. I am originally from San Diego, Ca.I have been interested in Real Estate investment for about 3 years and currently own 1 SFR rental in San Di...
Kayla Wagenmann
Seller Financing in Minneapolis with no or low money down?
My partner and I have been considering purchasing a duplex as an investment for our first home. We moved back to Minneapolis last year after living in Los Angeles for 2 years. We have been renting for the past year at...
Lloyd Segal
Economic Update (June 29, 2020)
Economic Update(Monday, June 29, 2020)
The economy turned the corner in May after the sharpest and fastest downturn in U.S. history, but further progress in recovering from the pandemic is likely to come much slowe...
Dianna Marble
Problem Renter Advice Needed
Hello!I have renters in our unit for the past 5 months. They signed a 6 month lease with us. Last month, while paying rent, one of the tenants told me that they were considering not staying the full 6 months and that ...
Samantha Springs
Selling Rental to Pay off Crazy Student Loan
Hi BP Fam! I am considering selling my duplex to pay off my insane student loans and would love to hear from the BP brain trust.
My student loans are $355K total with a 7.5% interest rate. Once repayment starts in Oc...